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3243 Harrell Rd - 3243 Harrell Rd, Howe, TX

63.86 Acres of Commercial Land Offered at £1,950,417 in Howe, TX 75459

Investment Highlights

  • Less than 5 miles to new Texas Instruments Plant in Sherman
  • Potential for Manufactured housing, RV park, Self Storage or commercial/industrial business
  • Clean phase 1 environmental study report; survey available
  • 1500 ft Road frontage plus scope for creek/estate lots
  • ETJ of Sherman hence no zoning restrictions

Executive Summary

This parcel of land is located less than 5 miles to US Highway 75 and the tech corridor, including well-known companies like Texas Instruments, Globitech, Coherent. Texas Instruments recently announced $29 Billion investment and Globitech announced $5 Billion investment in their Sherman plants. The construction is already underway. Such investments are projected to create over 5000 jobs. UPDATE: Coherent just announced potential $33M investment.
MLS: 20675210

Property Facts

Price £1,950,417
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Distribution
  • Golf Course or Driving Range
  • Healthcare
  • Hold For Development
  • Hold For Investment
  • Industrial Park
  • Manufactured Homes or Mobile Home Park
  • Master Planned Community
  • Planned Unit Development
  • Retail Warehouse
  • Self Storage
  • Single Family Development
  • Trailer or Camper Park
  • Truck Terminal
  • Warehouse
Total Lot Size 63.86 AC

1 Lot Available

Lot

Price £1,950,417
Price Per AC £30,542
Lot Size 63.86 AC

Description

This parcel of land is located less than 5 miles to US Highway 75 and the tech corridor, including well-known companies like Texas Instruments, Globitech, Coherent. Texas Instruments recently announced $29 Billion investment and Globitech announced $5 Billion investment in their Sherman plants. The construction is already underway. Such investments are projected to create over 5000 jobs. UPDATE: Coherent just announced potential $33M investment. The property is in Sherman's ETJ with Howe School District. Water is provided by Luella SUD which has a 6 inch water pipeline at the road. Water capacity already approved for 37 lots. GCEC provides electricity. Property boasts more than 1500 ft of total road frontage. Survey, Phase 1 Environmental study, legal description and topographic information attached. MLS: 20675210 Given its prime location, this piece of land would be an excellent investment opportunity for developers looking to create new home developments. The large size of the land allows for a variety of different development options such as creating estate size lots with creeks or creating a high end RV park (conceptual layout attached) or self storage. Its proximity to major highways and businesses make it an ideal spot for commuters. Overall, this property has a lot of potential for investors, developers, and even businesses - as it has become a highly desirable area for residents and businesses alike. Lastly, the land boasts a perfect blend of open meadows, majestic trees, a 1 acre pond, and rolling hills, providing a canvas for endless possibilities. Whether you envision a private ranch, a luxury estate with panoramic views, or a recreational haven for outdoor enthusiasts, this parcel offers the space and versatility to bring your vision to life. Don't miss this rare investment opportunity. TX 75459. Buyer to verify all the information. Seller financing may be available at 50% down.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
127452
Land Assessment
£1,316
Improvements Assessment
£0
Total Assessment
£1,316

zoning

Zoning Code Agriculture (ETJ of Sherman. No known zoning restrictions. Currently Ag-exempt.)
Agriculture (ETJ of Sherman. No known zoning restrictions. Currently Ag-exempt.)
  • Listing ID: 31471675

  • Date on Market: 10/04/2024

  • Last Updated:

  • Address: 3243 Harrell Rd, Howe, TX 75459

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